TEANECK, NJ—Cushman & Wakefield has served as advisor to an affiliate of Alfred Sanzari Enterprises in arranging a $32 million, non-recourse financing for Glenpointe Centre West, an office property in the Glenpointe Complex in Teaneck, N.J. The 12-year fixed-rate financing was provided by AXA Equitable Life Insurance Company through its advisor, Quadrant Real Estate Advisors.
David Schaiman, managing director of Cushman & Wakefield’s equity, debt and structuredgroup represented an affiliate of Alfred Sanzari Enterprises.
Currently more than 99 percent occupied, Glenpointe Centre West contains 333,000 sq. ft. of class-A office space. Glenpointe Complex also includes a Marriottand Conference Center, fitness center and enclosed parking garage.